authors
Leg 3 – Has America Sneezed?
Briefing
13 February 2024
2 MIN READ
1 AUTHOR
We have recently seen a further eyebrow raising decision on LEG 3 (a defects exclusion/write back) under a Construction All Risks (“CAR”) policy coming out of the US, the second in only three months. These will attract some attention for insurance market participants in other jurisdictions because of the dearth of reported LEG decisions, partly because such issues usually arise in the context of arbitrations which do not get reported. When America sneezes, sometimes the world can catch a cold, but insurers in this area may be hoping that is not the case here.
Related Insights
Briefing
MILIEUDEFENSIE v SHELL: Key takeaways from a major judgment on climate change and corporate responsibility
Briefing
The Maersk Katalin: have claims for misdelivery got too complicated and will electronic bills of lading make a difference? Â
Bulletin
LNG bulletin
Briefing
FSRU operation within Brazilian jurisdictional waters – what regulations apply and how do they work?
RELATED INSIGHTS
Briefing
MILIEUDEFENSIE v SHELL: Key takeaways from a major judgment on climate change and corporate responsibility
On 12 November 2024, the Court of Appeal in The Hague delivered a landmark judgment in the case of Milieudefensie v Shell …
Read more
Briefing
The Maersk Katalin: have claims for misdelivery got too complicated and will electronic bills of lading make a difference? Â
We previously wrote about the evolving legal risks for financiers in using bills of lading (BLs) as security …
Read more
Bulletin
LNG bulletin
Third edition of the LNG bulletin, with articles from Perth, Brazil and London.
Read more